Ares Capital Corp (ARCC): Steve Bartlett , director of Ares Capital Corp purchased 200 shares on Sep 20, 2016. The Insider buying transaction was reported by the company on Sep 21, 2016 to the Securities and Exchange Commission. The shares were purchased at $15.60 per share for a total value of $3,120.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Aug 23, 2016, Steve Bartlett (director) purchased 200 shares at $15.72 per share price.On Aug 16, 2016, Mitchell S Goldstein (Co-President) purchased 6,472 shares at $15.45 per share price.Also, On Mar 15, 2016, R. Kipp Deveer (CEO) purchased 40,000 shares at $13.90 per share price.On Mar 10, 2016, Scott C Lem (CAO, VP & Treasurer) purchased 1,800 shares at $14.00 per share price.
Ares Capital Corporation: On Tuesday, Sep 21, 2016 heightened volatility was witnessed in Ares Capital Corporation which led to swings in the share price. The shares opened for trading at $15.6 and hit $15.72 on the upside , eventually ending the session at $15.58, with a gain of 0.26% or 0.04 points. The heightened volatility saw the trading volume jump to 21,63,654 shares. The 52-week high of the share price is $16.43 and the company has a market cap of $4,891 M . The 52-week low of the share price is at $12.31.
Company has been under the radar of several Street Analysts.Ares Capital Corporation is Initiated by National Securities to Neutral. The Rating was issued on Jun 28, 2016.
Ares Capital Corporation is a specialty finance company that is engaged in closed-end non-diversified management investment businesses. The Companys investment objective is to generate both current income and capital appreciation through debt and equity investments investing invest primarily in United States middle-market companies. The Company primarily has three areas of focus: Corporate non-syndicated senior debt mezzanine debt and non-control equity to middle-market companies; Project Finance: high yield senior and mezzanine debt to finance power generation projects; Venture Finance senior secured loans to early-stage and emerging growth companies backed by venture capital firms. The Company invests in sectors such as Healthcare Services Business Services Education Energy Restaurants and Food Services Financial Services among others. The Company is externally managed by its investment adviser Ares Capital Management LLC.